Our Preference: Buy Above 1.2800 for the target of 1.2900 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdCad was trading in the sideways movement between the key support level and key resistance level and yesterday its tested the lower trend line and closed above the 38% Fibonacci retracement level so its conforming for the buying side and we can buy near intraday key support level and except upto next key resistance levels :- which we have shown in attached image.
In Daily Chart :- UsdCad was trading in the sideways movement between the key support level and key resistance level and yesterday its tested the lower trend line and closed above the 38% Fibonacci retracement level so its conforming for the buying side and we can buy near intraday key support level and except upto next key resistance levels :- which we have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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